Sensio will receive an initial payment from Wi-LAN, and will share all revenues generated from the licensing of the patents.
Wi-LAN CEO Jim Skippen commented on the deal: “Our exclusive licence agreement with Sensio aligns very well with our existing digital TV and display licensing activities, and can open up new opportunities in the realm of 3-D technologies,” he said, adding: “Sensio’s leadership in developing 3-D technologies has resulted in some breakthrough patented innovations which, when combined with Wi-LAN’s licensing expertise, should provide a promising addition to our current digital TV and display licensing efforts.”
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Founded in 1999, Montreal-based Sensio develops and markets stereoscopic image-processing technologies that facilitate the creation and delivery of 3D content. Sensio’s patent protected S2D switch allows users to switch viewing mode of a 3D feed from 3D to 2D or between different 3D view modes. means the Montreal-based company now has agreements with the top two 3DTV manufacturers in China, Hisense and TCL.
Sensio’s patent protected S2D switch allows users to switch viewing mode of a 3D feed from 3D to 2D or between different 3D view modes.
Late last year Wi-LAN established Gladios IP, a division of Ottawa’s Wi-LAN that works with other companies to try and unlock the value of their patents. Shares of the first client of Gladios IP, Missisisauga’s 01 Communique (TSX:ONE) have soared after reaching a patent settlement with Bomgar in June and winning an appeal in United States Court of Appeals for the Federal Circuit regarding the company’s patent litigation against LogMeIn Inc. that remanded the case back to the district court for trial.
Sensio CEO Nicholas Routhier says the deal with Wi-LAN will allows the Montreal-based company to effectively monetize its patents and allow it to focus on its business plan.
Disclosure: Cantech Letter Editor Nick Waddell owns 50,000 shares of Sensio, which he purchased in the open market On Friday, March 2nd and Monday, March 5th.